New Jersey Devils Secure New Financing via CIT Group
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01-03-2013, 11:36 AM
Join Date: May 2012
Location: New Jersey
Originally Posted by
Does this now clear the way (or expedite) to sell to Bill Gallacher? Thought that (per theFouthPeriod) that Gallacher was interested in acquiring them from VBK and all the investors in-tow?
I highly doubt Vanderbeek went through all of this effort just to sell the team to Gallacher or anyone else. He said in the press release that "our future is now secure and we can be confident of continued on-ice success." Sounds like he plans on sticking around for the long term.
I think the team is an emotional investment for Vanderbeek, who has been a huge Devils fan for years and has sons who play hockey. He may try to bring in some minority investors or at most an equal partner, but I believe selling a majority stake would be an absolute last resort.
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